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Telecommunications

Qwest's Quest
For Financial Health

By

Almar Latour

Updated Feb. 11, 2006 12:01 a.m. ET

When Qwest Communications International Inc. reports fourth-quarter results Tuesday, it will be with some sense of accomplishment.

Shares of the Denver-based company are up nearly 40% over the past 12 months. Investors have been cheering its success at re-engineering its $15.5 billion debt load to cut yearly interest costs by $300 million and at keeping capital expenditures in check.